1711 New RdLinwood, NJ 08221
- Other commercial real estate
- 2,392 SF
Property Details for 1711 New Rd
- Year built
- 1960
- Construction
- CONCRETE BLOCKS
- Lot size
- 5.99 AC
- Property size (Sq ft)
- 2,392 SF
- Zone code
- BUS
- Property type
- Other commercial real estate
- APN
- 14 00001-0000-00028
- APU
- 1400001000000028
Description
This exceptional 5.99-acre commercial land parcel, located at 1711 New Road in Linwood, New Jersey (08221), presents a unique investment opportunity. Priced at $399,000, this property boasts over 200 feet of frontage on New Road, ensuring high visibility and accessibility. The property's zoning is CO, and it is situated on Block 1, Lot 28. Previously occupied by a Garden State Gas Station, the site is undergoing remediation. Soil testing is complete, and groundwater testing is currently in progress. The seller has actively collaborated with the Department of Environmental Protection to increase the buildable area, with final approvals pending. The property includes a first-floor shop and a second-floor apartment, offering potential for redevelopment or repurposing. With its substantial size, prime location, and ongoing environmental improvements, this property is ideal for a variety of commercial ventures. The total square footage is 2,392, with a price per square foot of $166.81. This is a rare opportunity to acquire a well-situated commercial property in Atlantic County, New Jersey, with significant development potential. Don't miss out on this chance to capitalize on this promising investment.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
Alternative Use
- Use
- Valuation
- Residential
- $882,018
- Hospitality
- $807,923
- Educational
- $672,183
- Medical
- $695,300
- Retail
- $1,045,618
Location Insight
- City
- Linwood
- County
- Atlantic
- State
- New Jersey
- Latitude
- 39.3408
- Longitude
- -74.5861
- CBSA code
- 12100
- CBSA name
- ATLANTIC CITY, NJ METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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